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July 30, 2014
06:26 EDTADPTAdeptus Health reports Q2 adjusted EPS (22c), consensus (11c)
Reports Q2 revenue $44.2M, consensus $43.53M; Reports Q2 patient volumes up 70.9% to 31,134
News For ADPT From The Last 14 Days
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November 20, 2015
09:56 EDTADPTTexas aims to educate consumers as freestanding ERs proliferate, 12News says
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November 18, 2015
07:13 EDTADPTAdeptus Health selloff yesterday unwarranted, says Jefferies
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November 17, 2015
16:26 EDTADPTOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street see-sawed throughout the day and eventually finished the day mixed, with solid earnings reports from both Wal-Mart (WMT) and Home Depot (HD) helping the Dow notch a small gain while the S&P recorded a small loss. The averages looked to be set to extend yesterday's advance, but weakened during the afternoon following news of a stadium evacuation in Europe that unsettled investors and put a halt to the rally. The market struggled into the close but avoided a big selloff as headlines crossed that police in Germany found no explosives at the site of the game cancellation in Hanover. ECONOMIC EVENTS: In the U.S., the consumer price index rose 0.2% in October, as expected. When food and energy prices are stripped out, the "core" CPI also rose 0.2%, also matching the consensus forecast. Industrial production slid 0.2% in October, versus expectations for it to have risen 0.1%. Capacity utilization came in as expected at 77.5%. NAHB's home builder sentiment index fell 3 points to 62 in November, versus expectations for a reading of 64. COMPANY NEWS: Shares of Wal-Mart advanced 3.5% to $59.92 after the world's largest retailer reported better than expected quarterly earnings and gave a fiscal year profit outlook that was higher than expected at the midpoint of the company's range. Another retail giant and fellow Dow member, Home Depot, gained 4.4% to $126.18 while TJX (TJX), owner of the TJ Maxx and HomeGoods brands, rose nearly 4% to $68.18 after their own better than expected quarterly reports. Missing out on the retail rally, however, was Dick's Sporting Good (DKS), which tumbled 9.4% to $36.96 after giving guidance for the holiday quarter and fiscal 2015 that missed consensus estimates. MAJOR MOVERS: Among the notable gainers was Airgas (ARG), which jumped $31.17, or 29.39%, to $137.35 after agreeing to be acquired by Air Liquide for $143 per share. Also higher was Syngenta (SYT), which advanced $6.69, or 9.24%, to $79.06 after Monsanto (MON) Chief Operating Officer Brett Begemann told reporters the company is weighing another attempt at acquiring the Swiss firm. Among the noteworthy losers were GNC (GNC), Vitamin Shoppe (VSI), and Natural Health (NHTC), which dropped a respective 6.4%, 5%, and 15.4% after the Department of Justice said in a media advisory that it would announce actions related to dietary supplements sales and unlawful ads. Shares in the publicly traded companies came off their lows, but did not fully recover heading into the close, after the agency announced that its criminal case was charging USPlabs and that its five civil cases were against a number of smaller businesses. Also lower was SunEdison (SUNE), which fell $1.54, or 33.74%, to $3.02, with Oppenheimer attributing the selloff to "unsubstantiated rumors" regarding its liquidity and Deutsche Bank saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors who are focused on the balance sheet. Additionally, Adeptus (ADPT) declined 22.3% to $46.50 after an NBC affiliate published an investigative report scrutinizing billing practices at freestanding emergency rooms in Colorado. INDEXES: The Dow rose 6.49, or 0.04%, to 17,489.50, the Nasdaq gained 1.40, or 0.03%, to 4,986.02, and the S&P 500 slipped 2.75, or 0.13%, to 2,050.44.
12:03 EDTADPTAdeptus sinks as freestanding ER practices scrutinized
Shares of Adeptus Health (ADPT), which owns and operates a network of independent freestanding emergency rooms in the U.S. states of Texas, Colorado and Arizona, are sinking after a local affiliate of NBC News published an investigative report that looked into the billing practices of freestanding ERs in Colorado. WHAT'S NEW: In a report entitled "Buyer beware: Freestanding emergency rooms," KUSA's Chris Vanderveen said 9Wants to Know spent months looking into the billing practices of freestanding emergency rooms, focusing on UCHealth ER, which it identifies as Colorado's largest chain of freestanding ERs. Under a partnership announced in April of this year, UCHealth holds a majority stake in Adeptus Health's freestanding emergency rooms in Colorado. A "loophole" in Colorado state law allows freestanding ERs to charge what's known as a facility fee to every patient who receives care, the report contends, going on to add that critics suggest freestanding ER owners "cherry-pick" areas where people are more inclined to have insurance. In its report 9News said the situation it uncovered "should be considered a consumer alert," highlighting a number of customers' complaints about high bills they've been faced with following visits. PRICE ACTION: In midday trading following the circulation of 9News' report, Adeptus shares are down 11% to $53.27.
11:17 EDTADPTAdeptus Health drops 8% following investigative report on freestanding ERs
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11:16 EDTADPTAdeptus linked freestanding ER billing practices questioned, 9News says
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